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Employee Bonus Protection Act
1/18/2024, 8:54 AM
Congressional Summary of HR 741
Employee Bonus Protection Act
This bill excludes from an employee's regular pay rate, for purposes of calculating overtime compensation, payments made to reward an employee or group of employees for meeting or exceeding the productivity, quality, efficiency, or sales goals specified in writing in a gainsharing plan, incentive bonus plan, commission plan, or performance contingent bonus plan.
Read the Full Bill
Current Status of Bill HR 741
Bill HR 741 is currently in the status of Bill Introduced since February 2, 2023. Bill HR 741 was introduced during Congress 118 and was introduced to the House on February 2, 2023. Bill HR 741's most recent activity was Referred to the House Committee on Education and the Workforce. as of February 2, 2023
Bipartisan Support of Bill HR 741
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 741
Primary Policy Focus
Labor and EmploymentAlternate Title(s) of Bill HR 741
Employee Bonus Protection Act
Employee Bonus Protection Act
To amend the Fair Labor Standards Act of 1938 to provide that an employee's "regular rate" for purposes of calculating overtime compensation will not be affected by certain additional payments.
Comments
Sponsors and Cosponsors of HR 741
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